Vertical Analysis of come Statement Ravenue and expense data for Innovation Quarter Inc. for two years are as follow Current Year Previous Year Sales $521,000 3464,000 Cont of merchand old 281,340 212,440 Sulino e 92.700 102.000 administrative expen 104,200 38,160 Incense 15.00 27,200 Prepare an income rent in comparative for, ating each item for the percent required, round percentages to one decimal place, the mouse pour numbers Innovation Quarter Inc comparative Income Statement For the Year Ended December Current year Ann Current recente Amyerant 1521,000 1464.000 Cost of mercados sold 20140 213.440 Grosso 1 Selling exems 3,730 102.000 Masive expenses 104,200 18,160 Total Operating expenses Income from operations Income taxe 15,630 23,200 Net Income [ DO O O DO O 13:42